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Metro Retail net income down in 2023
Earnings of Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, fell by a third last year on flat sales......»»
URC income down in 2023
Gokongwei-led snack foods giant Universal Robina Corp. saw its net income decline in 2023 despite maintaining strong sales......»»
Philippines manufacturing output declines in March
MANILA, May 8 (Xinhua) -- Manufacturing production in the Philippines recorded a decline in March, reversing its growth momentum in the past months, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) decreased by 1.7 percent and 0.8 percent in March.....»»
NAIA passenger traffic grows 12 percent to 12 million in Q1
Passenger volume at the Ninoy Aquino International Airport is slowly building up, growing by 12 percent in the first quarter as airlines mounted more flights......»»
Government urged to abolish MAV system
The government should consider abolishing the minimum access volume (MAV) system as the mechanism is prone to corruption and favors only few entities, a member of the central bank’s Monetary Board (MB) said......»»
NEDA cuts PHL additional rice import for 2016 by 25%
By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government will reduce by roughly one-fourth its planned additional volume of rice imports for the first semester of 2016 meant to boost........»»
Philippines manufacturing output sustains growth in February
MANILA, April 12 (Xinhua) -- The performance of manufacturing production in the Philippines sustained its growth in February, the Philippine Statistics Authority (PSA) said Friday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased 7.5 percent and 8.9 percent in February, respectively. The.....»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»
DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»
NAIA passenger volume exceeds 8 million in 2 months
Air travel in the Philippines is showing signs of returning to pre-pandemic levels in 2024, as the Ninoy Aquino International Airport improved its passenger footprint by 13 percent in the first two months of the year......»»
El Niño agri damage hits P1.2 billion — NDRRMC
In NDRRMC’s latest report, the total damage in agriculture recorded was estimated at P1,236,853,305 with a total volume of 44,845.42 metric tons. .....»»
Rice imports as of mid-March 886,963 MT
The country’s rice imports as of mid-March have surpassed the total volume recorded in the entire first quarter of last year by a double-digit rate, to over 880,000 metric tons, government data showed......»»
Thin volume seen on short trading week
Local stocks are expected to move sideways this week with only three trading days due to the Holy Week break......»»
Taal Volcano back to spewing high-volume of toxic gas
LUCENA CITY, Philippines – After spewing lower volumes of sulfur dioxide (SO2) for the past five days, Taal Volcano in Batangas province again emitted a high level of toxic gas on Saturday, March 23. A total of 14,287 metric tons (MT) of SO2 from Taal’s main crater was measured over the past 24 hours and.....»»
San Miguel income soars to P44.7 billion in 2023
Diversified conglomerate San Miguel Corp. expects to sustain its growth momentum this year after earnings soared in 2023 on the back of significant volume growth across its key businesses......»»
Philippines manufacturing output sustains growth in January
MANILA, March 7 (Xinhua) -- The Philippines' manufacturing production sustained growth momentum in January, the Philippine Statistics Authority (PSA) said Thursday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased 0.9 percent and 1.9 percent in January, respectively. Across all 22 indust.....»»
Petron reports 51 percent jump in 2023 earnings
The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»
Philippines air passenger volume balloons to 50 million
Air travel in the Philippines ballooned by more than half to 50.18 million passengers in 2023, but remains a mile behind pre-pandemic peak as demand for international flights is slow to pick up......»»
No sugar MAV this year – SRA
The government did not allow the importation of sugar at a lower tariff rate in the current minimum access volume (MAV) year since the country has ample stocks to meet domestic consumption, the Sugar Regulatory Administration said......»»
British Chamber reiterates concerns on reported changes on minimum access volume
The British Chamber of Commerce Philippines remains concerned of the reported delay of quota distribution to meat importers......»»